Protagonist Therapeutics Stock Forecast - Day Median Price
| PTGX Stock | USD 41.00 0.60 1.44% |
Protagonist Stock Forecast is based on your current time horizon.
Protagonist |
Open Interest Against 2024-12-20 Protagonist Option Contracts
Although open interest is a measure utilized in the options markets, it could be used to forecast Protagonist Therapeutics' spot prices because the number of available contracts in the market changes daily, and new contracts can be created or liquidated at will. Since open interest in Protagonist Therapeutics' options reflects these daily shifts, investors could use the patterns of these changes to develop long and short-term trading strategies for Protagonist Therapeutics stock based on available contracts left at the end of a trading day.
Please note that to derive more accurate forecasting about market movement from the current Protagonist Therapeutics' open interest, investors have to compare it to Protagonist Therapeutics' spot prices. As Ford's stock price increases, high open interest indicates that money is entering the market, and the market is strongly bullish. Conversely, if the price of Protagonist Therapeutics is decreasing and there is high open interest, that is a sign that the bearish trend will continue, and investors may react by taking short positions in Protagonist. So, decreasing or low open interest during a bull market indicates that investors are becoming uncertain of the depth of the bullish trend, and a reversal in sentiment will likely follow.
| Previous Day Median Price | Day Median Price | Trend |
| 41.46 | 41.05 |
| Check Protagonist Therapeutics Volatility | Backtest Protagonist Therapeutics | Information Ratio |
Protagonist Therapeutics Trading Date Momentum
| On December 11 2024 Protagonist Therapeutics was traded for 41.00 at the closing time. The top price for the day was 41.60 and the lowest listed price was 40.50 . There was no trading activity during the period 0.0. Lack of trading volume on December 11, 2024 did not cause price change. The trading delta at closing time against the current closing price is 1.46% . |
The median price is the midpoint of the trading periods range.
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Other Forecasting Options for Protagonist Therapeutics
For every potential investor in Protagonist, whether a beginner or expert, Protagonist Therapeutics' price movement is the inherent factor that sparks whether it is viable to invest in it or hold it better. Protagonist Stock price charts are filled with many 'noises.' These noises can hugely alter the decision one can make regarding investing in Protagonist. Basic forecasting techniques help filter out the noise by identifying Protagonist Therapeutics' price trends.View Protagonist Therapeutics Related Equities
| Risk & Return | Correlation |
Protagonist Therapeutics Technical and Predictive Analytics
The stock market is financially volatile. Despite the volatility, there exist limitless possibilities of gaining profits and building passive income portfolios. With the complexity of Protagonist Therapeutics' price movements, a comprehensive understanding of forecasting methods that an investor can rely on to make the right move is invaluable. These methods predict trends that assist an investor in predicting the movement of Protagonist Therapeutics' current price.| Cycle Indicators | ||
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Protagonist Therapeutics Market Strength Events
Market strength indicators help investors to evaluate how Protagonist Therapeutics stock reacts to ongoing and evolving market conditions. The investors can use it to make informed decisions about market timing, and determine when trading Protagonist Therapeutics shares will generate the highest return on investment. By undertsting and applying Protagonist Therapeutics stock market strength indicators, traders can identify Protagonist Therapeutics entry and exit signals to maximize returns.
Protagonist Therapeutics Risk Indicators
The analysis of Protagonist Therapeutics' basic risk indicators is one of the essential steps in accurately forecasting its future price. The process involves identifying the amount of risk involved in Protagonist Therapeutics' investment and either accepting that risk or mitigating it. Along with some essential techniques for forecasting protagonist stock prices, we also provide a set of basic risk indicators that can assist in the individual investment decision or help in hedging the risk of your existing portfolios.
| Mean Deviation | 1.96 | |||
| Standard Deviation | 2.71 | |||
| Variance | 7.33 |
Please note, the risk measures we provide can be used independently or collectively to perform a risk assessment. When comparing two potential investments, we recommend comparing similar equities with homogenous growth potential and valuation from related markets to determine which investment holds the most risk.
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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.Additional Tools for Protagonist Stock Analysis
When running Protagonist Therapeutics' price analysis, check to measure Protagonist Therapeutics' market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Protagonist Therapeutics is operating at the current time. Most of Protagonist Therapeutics' value examination focuses on studying past and present price action to predict the probability of Protagonist Therapeutics' future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Protagonist Therapeutics' price. Additionally, you may evaluate how the addition of Protagonist Therapeutics to your portfolios can decrease your overall portfolio volatility.